7342 S. Kingston Ave, Chicago, IL 60649 For Sale

Kiser Group is pleased to exclusively offer for purchase 7342 S. Kingston, a rarely available eighteen (18) unit located in Chicago's South Shore neighborhood. The asset is ideally situated just blocks from Lake Michigan and Rainbow Beach Park. Additionally, for quick and convenient transportation, the asset is nearby to Chicago's Lake Shore Drive which provides tenants easy access to Chicago's downtown in roughly fifteen minutes.

7342 S. Kingston is currently comprised of twelve (12) 2Bd/1ba, three (3) 1Bd/1Ba, & three (3) studio units. All units feature incredibly spacious layouts with hardwood floors and an abundance of natural light. Throughout the years, the building has undergone extensive renovations consisting of, but not limited to: a new roof, boiler with R&D control system, on-site laundry facility, and an abundance of cosmetic updates.

7342 S. Kingston presents an investor a unique opportunity to acquire a true value-add project in the heart of Chicago's appreciating South Shore neighborhood. Through unit renovations and leasing up the property, a new investor could achieve significant cash returns and double-digit cap rates.